Hints and tips:
...Little wonder the beauty industry is energetically prospecting the biotech frontier....
...He self-describes as a “big R” Republican and a “little L” libertarian. He’s non-interventionist, but this is not as counterintuitive as it sounds....
...General partners (GPs) whose funds outperform the industry in one fund are likely to outperform the industry in the next and vice versa....
...K-beauty, supported by K-drama and K-pop stars, has grown into a $6.5bn export industry, ranking fourth in the world after France, the US and Germany....
...The brand has struggled over the past decade, becoming lossmaking in 2016 and later filing for US bankruptcy protection, though it has been profitable since 2019, the same year former Balmain chief executive...
...Delysium / KUROSEMI INC. ??? Orderly ??? Sui Token Warrant ???...
...I mean, from the customers you're talking to, are they concerned that China Inc, as it were, has cornered the market for battery materials?...
...The Aluminum Association, which represents the majority of US and foreign companies in the industry — including those that take the input metal and process it into sheet, foil and plate form — is unhappy...
...We downgrade our earnings forecasts for this year (due to Covid), but upgrade FY22E PBT by c. 7% putting us comfortably ahead of consensus. We move our recommendation to Buy....
...And RELX goes down to “underperform” at Exane in a sector note, with Wolters Kluwer upgraded to “neutral”: Our review of the main sub-segments of the professional information industry leads us to turn negative...
...Norwegian government support for the oil industry is nothing new, but the materiality impresses even us and once again underlines the low-risk element of Norway E&P investments (if they have quality assets...
...However the shares are up c.30% in the last month and have rerated by c.15pp compared to our FY22 PBT estimate....
...Industry executives have said the value of kitwear contracts reflect a side’s global popularity....
...at the ‘C-suite’....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...Increased focus on the home, reversing some L-T adverse trends....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Reader, do tell us below....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
...Data centre construction is a c$50bn industry in the US, or 20% of US office construction (vs 10% in FY15);and 56% of starts are concentrated in 8 states....
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